Helping financial institutions boost profitability, grow revenue, and manage balance sheet risk, Oracle announced Oracle Financial Services Profitability and Balance Sheet Management Cloud Services.
„With Asset Liability Management, Cash Flow Engine, Funds Transfer Pricing, and Profitability Management applications, the new suite of SaaS solutions provides banks deep insights into profitability, interest margins, interest rate risk, and balance sheet trends to make critical business decisions faster, while meeting complex risk management reporting requirements. The services are now available globally.” – according to the press release.
Sonny Singh, executive vice president and general manager, Oracle Financial Services: “With these cloud-native services for profitability and balance sheet management, we are empowering financial institutions to optimize operations, and drive more sustainable growth by using advanced analytics and integrated AI to gain critical insights, such as drain on profitability, or a risk-adjusted view of performance to immediately adjust to market realities.”
The suite of solutions provides a framework for multi-dimensional profitability and balance sheet management by helping financial institutions better understand profitability across business dimensions, use flexible forecast assumptions to accurately model Net Interest Income (NII), and address risk management requirements. The applications leverage the integration of Generative AI and Natural Language Generation (NLG) to enhance data interpretation by automatically generating detailed insights.
Built on the high performance, security, and scalability of Oracle Cloud Infrastructure, the services use Oracle Autonomous Database, Oracle Analytics, and a domain-driven microservices architecture. With quarterly updates, banks can eliminate the need for costly upgrades while benefiting from continuous innovation that helps improve total-cost-of-ownership.
“Financial institutions are under constant pressure to improve efficiency and reduce costs, and Oracle’s new cloud services directly address the challenges around automating complex tasks, reporting, and developing analytics and visualization,” said Sid Dash, chief researcher, Chartis. “Moreover, the ability to analyze profitability and balance sheet risk in real-time, with the granularity that Oracle offers, will be crucial for institutions to thrive.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
